Published On: Wed, Jan 14th, 2015

Plaza Hotel will not be auctioned yet

Plaza HotelWILLEMSTAD - There are potential buyers for Plaza Hotel and this is the reason why the planned auction of January 26 will be postponed. This auction will disrupt the process of negotiations. This is according to the Director of the Social Insurance Bank (SVB), Philip Martis. SVB is one of the creditors of the Plaza Hotel.

Last year November the hotel was seized by the Tax Collector and the SVB for outstanding debts. Chairman of the trade union Horecaf, Kenneth Valpoort said that it’s a serious situation and that he’s worried about the jobs at the hotel. “The hotel employs about fifty people and the casino about thirty,” the union leader said.

According to SVB’s Deputy Director, François Simon, the SVB has been very lenient towards the Hotel Plaza, but the hotel has not complied with its financial obligations. “When the hotel was taken over by the current owners, this was done under the obligation that the old, already outstanding liabilities of the Metro Group would be repaid. That debt now amounts to about 3.6 million guilders and this is because they have these old debts, which have not been repaid,” said Simon.

Now, the SVB is giving the owners of the hotel another opportunity to negotiate the sale.

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